Breaking News: Economy

Economists take issue with Trump’s tariff formula, arguing rate is inflated

by
Economists Take Issue With Trump’S Tariff Formula, Arguing Rate Is Inflated

Washington, D.C. – June 10, 2024 – Former President Donald Trump’s proposal to impose sweeping 10% across-the-board tariffs on all U.S. imports has drawn sharp criticism from economists, who argue that the policy would inflate costs for consumers, disrupt supply chains, and potentially trigger retaliatory trade wars—with little benefit to American workers. Trump’s Tariff Plan: A “Blunt Instrument” in … Read more

Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy

by
Fed Governors Bowman, Waller Explain Their Dissents, Say Waiting To Cut Rates Threatens Economy

Fed Governors Bowman and Waller Dissent, Warn Delaying Rate Cuts Risks Economic Harm Washington, D.C. – August 1, 2025 In a rare break from consensus, Federal Reserve Governors Christopher Waller and Michelle Bowman dissented against the Federal Open Market Committee’s (FOMC) decision to maintain the federal funds rate at 4.25%-4.50% during its July 30-31 meeting, … Read more

Trump Budget Chief Accuses Fed Chair Powell of Mismanaging Central Bank, Escalating Tensions

by
Trump Budget Chief Accuses Fed Chair Powell Of Mismanaging Central Bank, Escalating Tensions

By Sam, Professional JournalistWashington, D.C., July 10, 2025 — Russ Hanneman, President Donald Trump’s nominee for Director of the Office of Management and Budget (OMB), has publicly accused Federal Reserve Chair Jerome Powell of mismanaging the U.S. central bank, intensifying the administration’s ongoing feud with the Fed. Hanneman’s remarks, made during a July 9, 2025, … Read more

Trump wants ‘good enough’ EU trade offer before Aug. 1: Lutnick

by
Trump Wants ‘Good Enough’ Eu Trade Offer Before Aug. 1: Lutnick

Trump Demands ‘Good Enough’ EU Trade Deal Before August 1, Says Cantor Fitzgerald CEO Lutnick New York – Former President Donald Trump is pushing for a preliminary trade agreement with the European Union before August 1, according to Howard Lutnick, CEO of Cantor Fitzgerald. The financial services executive, who has advised Trump on economic matters, … Read more

Trump’s Tariffs Dodge Inflation Thanks to Patriotic Buying, Claims Advisor Hassett

by
Trump’s Tariffs Dodge Inflation Thanks To Patriotic Buying, Claims Advisor Hassett

Trump Tariffs Not Fueling Inflation Attributable to ‘Patriotism’ Shopping for, Says White Home Advisor Hassett Washington, D.C. – On July 14, 2025, White Home Nationwide Financial Council Director Kevin Hassett attributed the dearth of widespread inflation from President Donald Trump’s current tariff insurance policies to elevated demand for American-made merchandise, pushed by what he referred … Read more

Fed minutes January 2025

by

Federal Reserve officers in January agreed they might wish to see inflation come down further sooner than lowering charges of curiosity further, and expressed concern regarding the have an effect on President Donald Trump’s tariffs would have in making that happen, in accordance with meeting minutes launched Wednesday. Policymakers on the Federal Open Market Committee … Read more

How Trump’s trade policy is putting pressure on U.S. farmers

by
How Trump’s trade policy is putting pressure on U.S. farmers

Soy farmer Caleb Ragland on his farm in Magnolia, Kentucky Courtesy: American Soybean Affiliation Caleb Ragland, a soybean farmer in Magnolia, Ky., voted for President Donald Trump in 2016, 2020 and 2024. Now, nevertheless, he has to navigate a tariff minefield at a time when the sector is already dealing with main headwinds. Ragland works … Read more

Fed Governor Stephen Miran pushes case for central bank to slash key interest rate

by
Fed Governor Stephen Miran Pushes Case For Central Bank To Slash Key Interest Rate

Fed’s Newest Voice: Governor Stephen Miran Urges Aggressive Rate Cuts to 2.5% Amid Trump Policies In a bold debut that’s rippling through Wall Street, Federal Reserve Governor Stephen Miran is ramping up his push for the central bank to slash its benchmark interest rate by nearly 2 percentage points, targeting a neutral level around 2.5%. … Read more

Trump threatens California funding over trans athlete

by
Trump Threatens California Funding Over Trans Athlete

Trump Threatens California’s Federal Funding Over Transgender Athlete Coverage On Could 27, 2025, President Donald Trump threatened to withhold federal funding from California over its coverage permitting transgender athletes to compete in girls’s sports activities, claiming it violates his February 5, 2025, government order banning such participation. Focusing on Governor Gavin Newsom, Trump’s Fact Social … Read more

Will trimming the federal workforce make a dent in government bloat?

by
Will Trimming The Federal Workforce Make A Dent In Government Bloat?

Will Trimming the Federal Workforce Make a Dent in Government Bloat? In recent years, calls for reducing the size of the federal workforce have gained momentum, with the argument that a leaner government would be more efficient, cost-effective, and responsive to taxpayers. But does trimming the federal workforce truly address the problem of government “bloat,” … Read more